Bharti AXA TWO WHEELER Insurance Why it is Important to Get your Bike Insured 10 May 2018 Why is it Important to Get Your Bike Insured? For some riding a bike is a passion while for others it’s an easy mode of transport to commute on busy roads. Whatever the reasons behind the purchase, it is necessary to shield your vehicle with a two-wheeler insurance. It reduces your financial burden during unpredictable situations such as floods, thefts, and accidents. In India, as per The Indian Motor Vehicles Act, 1988, it is mandatory to have a valid insurance cover as it has been declared illegal to ride a bike without having an insurance cover. Why Buy A Two-Wheeler Insurance? A two-wheeler insurance policy offers financial stability in case of damage due to accident and disasters (manmade or otherwise) or theft to your bike. A photocopy of a valid insurance policy ensures that you are legally protected while commuting on Indian roads and saves yourself from paying a penalty. Types of Two-Wheeler Insurance There are two types of two-wheeler insurance: -Comprehensive Insurance A comprehensive plan ensures complete protection for your bike and you during accidents, thefts, and damages/ losses incurred due to road accidents, man-made and natural disasters. It consists of two premiums: own damage (OD) and third-party liability premium. Comprehensive insurance cover offers personal accident cover to the rider. Third-Party Liability Cover A third-party liability plan covers only your third-party liabilities which includes injuries to third-party or damage to their property. As per the Motor Vehicle Act of India, 1988, it is mandatory to have a third-party liability cover for a two-wheeler. A third-party liability cover helps in reducing financial burden during accidents involving a third person. How to Choose a Policy? How to Choose a Policy? Choosing a two-wheeler insurance can sometimes get confusing and complicated with multiple options available. It is best to compare various two-wheeler policies online and choose what suits your requirements. Compare the types of coverage for third party liability or comprehensive policy, insured declared value (IDV), which basically is the maximum amount you will receive at the time of claim depending on various factors such as brand, model, and depreciation value. Also take into consideration the premium amount, add-on covers, and cashless network garage lists. Go ahead and safeguard your bike with a two-wheeler insurance right away! Explore Our Products Car Two Wheeler Travel Health Critical Illness Personal Accident Bharti AXA Advantages We've raised the bar in being your Two wheeler's ideal insurance companion 4.2 MILLION POLICIES ISSUED 79 BRANCHES ACROSS INDIA 3600+ CASHLESS GARAGE 24/7 CLAIM ASISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.